177
177
Nov 29, 2012
11/12
by
CNNW
tv
eye 177
favorite 0
quote 0
president obama's position means that taxes are going you up one way or another. congressman cole as you heard, they believe they should give this one to the president not because they want to, but because they have to. republican leaders though, they disagree. >> i told tom earlier in our conference meeting that i disagreed with him. it will hurt our economy, that is why this is not the right approach. >> you can agree or disagree with that position. however, keeping them honest, house speaker and others have been trying to play down the fact that president obama and others got a significant boost from voters. in politics there is the temptation from those who win office to think that they have a mandate to do what they will. they re-elected the house republicans. so whether people intended or not, we have divided government. >> the american people made clear that there is no mandate for raising tax rates. >> keeping them honest. president obama campaigned and won. so his victory throws cold water on that claim. democrats gained seats in the senate and on the hou
president obama's position means that taxes are going you up one way or another. congressman cole as you heard, they believe they should give this one to the president not because they want to, but because they have to. republican leaders though, they disagree. >> i told tom earlier in our conference meeting that i disagreed with him. it will hurt our economy, that is why this is not the right approach. >> you can agree or disagree with that position. however, keeping them honest,...
195
195
Dec 2, 2012
12/12
by
CNNW
tv
eye 195
favorite 0
quote 1
it's been 16 days since president obama and congressional leaders gathered to talk about how to avoid the fiscal cliff, the automatic spending cuts and tax increases that go into effect january 1. >> i think we're farther apart but we're coming together. >> i think we're nowhere, period. >> thursday treasury secretary tim geithner presented obama's plan, including $1.4 trillion in tax increases. >> there's not going to be an agreement without rates going up. >> president obama also proposed a $16 billion of spending cuts. >> i'm just flabbergasted. i looked at him and said you can't be serious. >> the house speaker says republicans put increased revenues including efforts to close tax loopholes and put the tax cuts on the table instead of raising tax rates for anyone. >> if there's another way to get income from upper income americans that doesn't hurt our economy, then why wouldn't we consider it. >> those are publicly unchanged deadlines. whether political theater or political reality, there's more to going over the fiscal cliff far beyond hypothetical. >> i think we're going over t
it's been 16 days since president obama and congressional leaders gathered to talk about how to avoid the fiscal cliff, the automatic spending cuts and tax increases that go into effect january 1. >> i think we're farther apart but we're coming together. >> i think we're nowhere, period. >> thursday treasury secretary tim geithner presented obama's plan, including $1.4 trillion in tax increases. >> there's not going to be an agreement without rates going up. >>...
209
209
Dec 1, 2012
12/12
by
CNNW
tv
eye 209
favorite 0
quote 0
i'm not quite as sanguine as you are with obama care and the tax rates going up and also the big burden of the debt. but you know, republicans have to have a growth message. and i just don't think they articulated dmind of alternative. david is right. all they talked about was obama's policies aren't working. but if you ask americans today what are republicans for, they don't have a solution. republicans have to talk about choice. charter schools, vouchers, anything that give minorities more opportunities. >> david? >> look, i'm in favor of the republicans being a low tax party. here's the danger. when republicans say taxes, they mean income taxes. 80% of americans now pay more in payroll taxes than they pay in income taxes. payroll taxes will go up at the end of the year. the payroll tax holiday will end. that's a big tax increase for everybody. 80% of americans pay more. and where is the republican plan to hold the line on those people? if taxes only mean the tax, the income tax portion of tax burden for four fifths of the country, you're talking about something that doesn't matter th
i'm not quite as sanguine as you are with obama care and the tax rates going up and also the big burden of the debt. but you know, republicans have to have a growth message. and i just don't think they articulated dmind of alternative. david is right. all they talked about was obama's policies aren't working. but if you ask americans today what are republicans for, they don't have a solution. republicans have to talk about choice. charter schools, vouchers, anything that give minorities more...
141
141
Dec 2, 2012
12/12
by
CNNW
tv
eye 141
favorite 0
quote 0
obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their own money to make sure that president obama, his policies made it to the white house. you know, it was the exact opposite in just the republicans. some of the red states were some of the poorest states in the country. so i think it is very interesting that when you see average american citizens who happen to be making a little bit more money willing to sacrifice for the good of the country, i think that's a good message and something to get behind and stand on. >> lz, our producers are here, can we keep them over the break? i want to be the mediator, do we have time for that? can we do that? stay on the other side of the break. i'm starting with the republic
obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their own money to make sure that president obama, his policies made...
328
328
Dec 7, 2012
12/12
by
CNNW
tv
eye 328
favorite 0
quote 0
the obama administration says, agrees that law is unconstitutional. that law is now being defended by a lawyer hired by the republicans in the house of representatives. so that -- that is one case. the other case is the proposition 8 case in california. if you recall, california -- there was a referendum -- the california supreme court ruled that there had to be same sex marriage under the california constitution. gay people had the right to get married there for a brief period of time. then there was an initiative put on the ballot, proposition 8, california voted in a close election to overturn same sex marriage. same sex marriage was banned after it was briefly legal. the federal district court had a trial there, and said that law, proposition 8, banning same sex marriage, is unconstitutional. that was affirmed on appeal, that is now appealed to the supreme court and they will now decide whether proposition 8 is constitutional or not. >> when we talk about this as being a historical sort of review, clearly there were different laws passed at the st
the obama administration says, agrees that law is unconstitutional. that law is now being defended by a lawyer hired by the republicans in the house of representatives. so that -- that is one case. the other case is the proposition 8 case in california. if you recall, california -- there was a referendum -- the california supreme court ruled that there had to be same sex marriage under the california constitution. gay people had the right to get married there for a brief period of time. then...
1,154
1.2K
Nov 30, 2012
11/12
by
CNNW
tv
eye 1,154
favorite 0
quote 0
. >> and, jason, president obama is returning to a tactic that he's used in the past. he's taken the pitch on taxes directly to the american people in a trip to pennsylvania today. house speaker john boehner not so happy about it. let's listen for a minute -- >> listen, this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and one-sided leaks in the press are not the way to get things done here in washington. >> well, republicans are reportedly planning their own fiscal cliff pr campaign designed to show that the democrats are simply digging in, they're being stubborn, election is over, shouldn't both sides be focused on doing the job they were elected to do. how do you see it? >> look, you're going to have a bunch of rallying on both sides and some of this is theatrics. it's christmastime. you know how you tell your kids you have to be really good or santa's not going to give you what you want but you know you will buy them the new ps-3 anyway. that's what's going on. both sides
. >> and, jason, president obama is returning to a tactic that he's used in the past. he's taken the pitch on taxes directly to the american people in a trip to pennsylvania today. house speaker john boehner not so happy about it. let's listen for a minute -- >> listen, this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and one-sided leaks in the press are not the way to get things done...
206
206
Dec 6, 2012
12/12
by
CNNW
tv
eye 206
favorite 0
quote 0
." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan lothian. he's on the scene for us over at the white house. how did it go, dan? >> reporter: well, wolf, we've seen the president do this before in the past whenever he's locked in negotiations with lawmakers. he heads out on the road, either goes to a backyard or sits down around a dinner table to put pressure on congress. that's what he did today when he went to falls church sitting down with the santana family. their parents who also are employed live in the household with them. so if taxes do go up on middle class americans, the overall hit on that household will be $4,000. so they're very concerned, but they
." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan...
213
213
Dec 5, 2012
12/12
by
CNNW
tv
eye 213
favorite 0
quote 0
part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs more money. president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not by raising tax rates. in fact, they want to lower tax rates for everyone. instead they'd raise money only by limits deductions and closing loopholes. speaker boehner says this will raise $800 billion over ten years. >> america faces a serious problem. our goal is to make sure it gets solved. >> step two, avoiding the drastic spending cuts that begin on january 1st, the so-called sequester. both sides want to find savings in medicare, but disagree about how to do it. >> we need a responsible white house. we can't sit here and negotiate with ourselves. >> and step three? the debt limit. >> i will not play that game. >> because we've
part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs more money. president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not by raising tax rates. in fact, they...
156
156
Nov 30, 2012
11/12
by
CNNW
tv
eye 156
favorite 0
quote 1
cuts, let president obama veto that extension, then vote a middle class tax cut and let the top bracket expire, and then republicans can say look, we didn't really break our pledge. taxes were going to go up across the board. we did what we could do and the president wouldn't let us do more. but i also think that president obama sees a real percentage for him in getting republicans to cross the line of agreeing to a rate increase. and that's why i think he's pushing so hard on this. i think most economists would agree that there is often more advantages in capping deductions than in just going for the rates, but i think there's a real political advantage for democrats looking ahead to battle after battle that we'll face down the road in getting republicans to cross that red line. it's sort of a scout, you might say. >> thank you both very much. >>> the united states opposed today's u.n. vote on the palestinian observer state. senator bob menendez saying it could inflame passions throughout the region. welcome to you, senator. >> good to be with you. >> explain to me why you feel so stro
cuts, let president obama veto that extension, then vote a middle class tax cut and let the top bracket expire, and then republicans can say look, we didn't really break our pledge. taxes were going to go up across the board. we did what we could do and the president wouldn't let us do more. but i also think that president obama sees a real percentage for him in getting republicans to cross the line of agreeing to a rate increase. and that's why i think he's pushing so hard on this. i think...
217
217
Nov 29, 2012
11/12
by
CNNW
tv
eye 217
favorite 0
quote 0
speaker, before the election, you were asked whether if it obama won taxes would have to go up. and you sounded like you opposed that. now you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a way to begin to move the process to get this resolved. >> right. so my question is, what message do you have for people who look at the negotiating division, and believe that it's inevitable that you'll have to accept some compromise on tax rates? >> the revenue is on the table. but revenue was only on the table if there were serious spending cuts as part of this agreement. it has to be part of the agreement. we have a debt crisis. we're spending too much. and while we're willing to put revenue on the table, we have to recognize, it's the spending that's out of control. >> mr. speaker. roughly what size spending cuts do you think it would take to reach a deal on the fiscal cliff, and do you think that at least the promise of spending cuts has to be included in this level deal at this time? >>
speaker, before the election, you were asked whether if it obama won taxes would have to go up. and you sounded like you opposed that. now you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a way to begin to move the process to get this resolved. >> right. so my question is, what message do you have for people who look at the negotiating division, and believe that it's inevitable that...
301
301
Dec 7, 2012
12/12
by
CNNW
tv
eye 301
favorite 0
quote 0
will fall back into recession if president obama and congressional republicans can't head off big tax increases and government spending cuts that are now 25 days away. for now, the administration is looking at the economy's bright side. let's go live to our white house correspondent dan loathian. >> reporter: the white house says it is another indication that the economy is starting to heal from some of the wounds inflicted by the economic downturn. vice president joe biden out speaking with middle class americans today said that the u.s. economy has turned the corner. he was very emphatic about that saying saying it is moving in a positive direction. at the same time, he was putting pressure on lawmakers to come to an agreement to avoid the fiscal cliff. it was yet another white house effort to rally support around its approach to the fiscal cliff. joe biden sitting down with seven middle class americans worried about their taxes going up. >> these are hard working, serious americans who are playing by the rules, doing it all right, and struggling already in this economy. >> reporter
will fall back into recession if president obama and congressional republicans can't head off big tax increases and government spending cuts that are now 25 days away. for now, the administration is looking at the economy's bright side. let's go live to our white house correspondent dan loathian. >> reporter: the white house says it is another indication that the economy is starting to heal from some of the wounds inflicted by the economic downturn. vice president joe biden out speaking...
613
613
Dec 3, 2012
12/12
by
CNNW
tv
eye 613
favorite 0
quote 0
obama campaigned on. so those are the big differences right now. but this certainly is important, wolf, because republicans were saying that they're not even sure that this ball was in their court. clearly they realized it was. so the talks -- there is stalemate no more, put it that way. >> on this key issue of marginal tax rates for the wealthy, the republican offer is keep the tax rates exactly as they are right now, 35% for that 2% wealthiest families making more than $250,000. the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we
obama campaigned on. so those are the big differences right now. but this certainly is important, wolf, because republicans were saying that they're not even sure that this ball was in their court. clearly they realized it was. so the talks -- there is stalemate no more, put it that way. >> on this key issue of marginal tax rates for the wealthy, the republican offer is keep the tax rates exactly as they are right now, 35% for that 2% wealthiest families making more than $250,000. the...
247
247
Nov 30, 2012
11/12
by
CNNW
tv
eye 247
favorite 0
quote 0
rates, will republicans agree to raising tax rates on the wealthy as president obama made clear. are you willing to go over the fiscal cliff if republicans do not agree that that? >> i think if there is no agreement whatsoever, the president has probably no choice but to say, okay, we're going to go over the cliff. that would no be my first preference. my first preference is that as we get closer to the cliff, that we find an agreement that makes some sense, so we don't have to go over it. if we don't go over,'re entering very unchartered waters. who knows how the markets will react, what will happen -- i hope we don't have to go over. >> and it could hit almost every single american, which is why when people are watching this, they're so frustrated they can't do what the american people want them to do. so are you telling me that congress needs a deadline and likes to go up to the deadline, is it posturing? >> no, the world is run by deadlines, you know, it's human nature not to do when you know what you should until you get closer to that deadline. it would be better if we work
rates, will republicans agree to raising tax rates on the wealthy as president obama made clear. are you willing to go over the fiscal cliff if republicans do not agree that that? >> i think if there is no agreement whatsoever, the president has probably no choice but to say, okay, we're going to go over the cliff. that would no be my first preference. my first preference is that as we get closer to the cliff, that we find an agreement that makes some sense, so we don't have to go over...
226
226
Dec 5, 2012
12/12
by
CNNW
tv
eye 226
favorite 0
quote 0
obama, as you know, is standing very firm on the $1.6 trillion in tax hikes. he is offering $400 billion in cuts from the so-called entitlements but also wants to spend $50 billion on infrastructure. mr. boehner, on the other hand, is offering half -- half of what the president's number is on those taxes and not in what you'd say increases. more like closing of loopholes. he also wants much deeper cuts in entitlements and beyond. so we're watching both ends of pennsylvania avenue this hour. we've got dan lothian who is standing pat at the white house to figure out just exactly what the movements are every day. dana bash is on capitol hill. dan, let me start with you. we were just hearing from the president and we were cut off by a nasty satellite. let me talk about these business people and what exactly they can bring to the table because it seems as though he's soliciting them for advice. >> reporter: he is. but at the same time, you brought up a good point, that the president really has been doing a lot of the pressure as opposed to sitting down with lawmake
obama, as you know, is standing very firm on the $1.6 trillion in tax hikes. he is offering $400 billion in cuts from the so-called entitlements but also wants to spend $50 billion on infrastructure. mr. boehner, on the other hand, is offering half -- half of what the president's number is on those taxes and not in what you'd say increases. more like closing of loopholes. he also wants much deeper cuts in entitlements and beyond. so we're watching both ends of pennsylvania avenue this hour....
413
413
Dec 4, 2012
12/12
by
CNNW
tv
eye 413
favorite 0
quote 0
>> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't say all this to speaker boehner. he said it in an interview on bloomberg tv. the last time the two men spoke was almost a week ago. president obama is focused on the stalemate with congress over averting the fiscal cliff, but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >>
>> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree...
344
344
Dec 6, 2012
12/12
by
CNNW
tv
eye 344
favorite 0
quote 0
i am taken aback at how dedicated president obama is about raising taxes on just 2% of our population, showing amazing amount of resolve to raise taxes on a group of people that won't make a significant dent in our annual deficit or ten-year deficit projections, something like 70 billion off 1.14 trillion deficit. it won't make a big dent. why is he so dedicated to it? that being said, carol, despite the fact that it sends me a little off kilter, yes, republicans lost the election. they don't have a ton of leverage. they want to try to achieve a deal that they think is going to maximize potential good for the country, meaning spending reform, budget deficit reduction, but the truth is that they don't have a ton of leverage in forcing president obama to take a look at medicare and social security to bring this conversation full circle that really mean serious budget and deficit reform. >> well, i'm sure that the majority of americans are hoping the two sides will come to some sort of deal. wouldn't that be nice? that would be a nice christmas present. will cain, thank you. >> yeah, you
i am taken aback at how dedicated president obama is about raising taxes on just 2% of our population, showing amazing amount of resolve to raise taxes on a group of people that won't make a significant dent in our annual deficit or ten-year deficit projections, something like 70 billion off 1.14 trillion deficit. it won't make a big dent. why is he so dedicated to it? that being said, carol, despite the fact that it sends me a little off kilter, yes, republicans lost the election. they don't...
181
181
Dec 1, 2012
12/12
by
CNNW
tv
eye 181
favorite 0
quote 0
in this horrific obama recovery. sure, if he wants to say it's a fairness thing, people don't think that's fair. they want debt entitlement -- debt and entitlement restructuring. that's what they voted for and the reason he's doing it now is because none of the democratic senators that were elected, and they did a great job, they really kicked our butts with these senators, none of them, not a one of them ran on increasing taxes on anybody in this kind of recovery. that top 2% are the job creators. they're small businesses. >> he also wants congress to give up that leverage over the debt ceiling because that is also presenting itself as another ugly battle. and you know what, paul begala, it is being said that that is one heck of a piece of boehner leverage. >> well, it is. but i think it's outrageous. i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. i think it would be irresponsible. >> does the president want to go over? we got to listen to all th
in this horrific obama recovery. sure, if he wants to say it's a fairness thing, people don't think that's fair. they want debt entitlement -- debt and entitlement restructuring. that's what they voted for and the reason he's doing it now is because none of the democratic senators that were elected, and they did a great job, they really kicked our butts with these senators, none of them, not a one of them ran on increasing taxes on anybody in this kind of recovery. that top 2% are the job...
954
954
Nov 29, 2012
11/12
by
CNNW
tv
eye 954
favorite 0
quote 0
a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2
a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest...
305
305
Nov 29, 2012
11/12
by
CNNW
tv
eye 305
favorite 0
quote 1
president obama won the issue. how can republicans oppose cutting taxes for 98% of the american people? that's what this is going to come down to if it goes beyond january 1st. and i think republicans are going to cave again if that happens. so the smart move is take taxes off the table. and then the only thing left is what will the president do on spending and entitlements. don't forget, wolf and paul, none of this tax talk has any impact on the sequester. unless they cut spending, we are still facing massive cuts to the pentagon, doctors and hospitals. taxes are a separate debate. solve it, settle it and then we can focus on spending before december 31st. >> hold your fire, paul. we're going to continue this conversation. we have more to talk about. should president obama back off plans to nominate susan rice, for example, as the next secretary of state? who are his other options? are republicans secretly plotting for one of their own? more with ari and paul when we come back. can i help you? i heard you guys can
president obama won the issue. how can republicans oppose cutting taxes for 98% of the american people? that's what this is going to come down to if it goes beyond january 1st. and i think republicans are going to cave again if that happens. so the smart move is take taxes off the table. and then the only thing left is what will the president do on spending and entitlements. don't forget, wolf and paul, none of this tax talk has any impact on the sequester. unless they cut spending, we are...
126
126
Dec 1, 2012
12/12
by
CNNW
tv
eye 126
favorite 0
quote 0
that's a scrooge christmas. >> president obama in a factory outside philadelphia today, pushing his financial plan. make no mistake, it's all about your tax bills and if washington can make a deal before you start paying more. with me is democratic strategist marjorie cliften and gerri jacobus. welcome to you both. listening to john boehner today and the president, it's pretty clear there's no deal anywhere near being settled here. i don't know about you, i'm just getting really bored with it. why don't they just get round a table and get it done? let me start with you gerri. >> i think the president going to pennsylvania to the tinker toy plant on a campaign stop essentially is probably not going to go over as well as he thinks it does, particularly since we thought we were done with that. we just went through it a few weeks ago. thought campaign stops were over and he inflicts this on us again. the american people expect him to sit down with the republicans in congress and work this out. now, a year ago or so, last year, he agreed to $800 billion in tax hikes. that's kind of where the numbe
that's a scrooge christmas. >> president obama in a factory outside philadelphia today, pushing his financial plan. make no mistake, it's all about your tax bills and if washington can make a deal before you start paying more. with me is democratic strategist marjorie cliften and gerri jacobus. welcome to you both. listening to john boehner today and the president, it's pretty clear there's no deal anywhere near being settled here. i don't know about you, i'm just getting really bored...
111
111
Dec 4, 2012
12/12
by
CNNW
tv
eye 111
favorite 0
quote 0
men at the center of the fiscal cliff negotiations, tom cole of oklahoma and the man behind the anti-tax pledge, grover norquist will both be "outfront." the new film called zero dark 30 based often the raid that killed osama bin ladin and some charge the obama administration gave the producers certain access. thanks for joining us. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! thanks. when you take a closer look... ...at the best schools in the world... ...
men at the center of the fiscal cliff negotiations, tom cole of oklahoma and the man behind the anti-tax pledge, grover norquist will both be "outfront." the new film called zero dark 30 based often the raid that killed osama bin ladin and some charge the obama administration gave the producers certain access. thanks for joining us. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can....
259
259
Dec 6, 2012
12/12
by
CNNW
tv
eye 259
favorite 0
quote 0
part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week ago. fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and science and public research grants could be cut including in to cancer and childhood diseases. fewer americans could receive drug abuse treatment and $700 million slas
part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week...
251
251
Dec 4, 2012
12/12
by
CNNW
tv
eye 251
favorite 0
quote 0
president obama says read my lips. there will be new taxes. but first, let's look at the money menu today. december, gift buying time. as you just heard, the stuff you're looking to buy could be stuck at sea. two of the largest shipping ports in the united states are mostly closed. the strike now in its eighth day, affects us all. as nearly 40% of imports flowing into the country are bottlenecking. the ports of los angeles and long beach, california, bring in a lot of hot ticket items that americans buy over the holidays including electronics, clothing and furniture. the national retail federation is urging president obama to step in and end the strike. in a letter to the president, the nrf says, quote, the shutdown is already having a significant negative economic impact on retailers, trying to bring in merchandise for their final push for the holiday sales and will soon have an impact on consumers. now, while i agree the strike will affect consumers eventually, we found that most of the stuff you'll purchase in time to give as gifts for the
president obama says read my lips. there will be new taxes. but first, let's look at the money menu today. december, gift buying time. as you just heard, the stuff you're looking to buy could be stuck at sea. two of the largest shipping ports in the united states are mostly closed. the strike now in its eighth day, affects us all. as nearly 40% of imports flowing into the country are bottlenecking. the ports of los angeles and long beach, california, bring in a lot of hot ticket items that...
173
173
Dec 7, 2012
12/12
by
CNNW
tv
eye 173
favorite 0
quote 0
the obamas pushed the button to light up the big blue spruce. some 17,000 people were on hand last night for the 90th annual tree lighting ceremony. >>> police in springfield, massachusetts are on the lookout for a jogger who runs in the buff. they say people on their way to work wednesday morning reported a man, probably in his 50s, running without any clothes on. no shoes either. police say they're concerned about why he's doing it and that he's reportedly done it before. >>> a packed hour ahead on "early start," including breaking news out of japan. a tsunami warning in the same area where the big one hit as another earthquake strikes off the coast shaking buildings for minutes. >>> it can be one of the most exciting plays in football and one of the most dangerous. could kickoffs become a thing of the past to save players a future of pain? we'll talk about that with former linebacker chris draft. >>> and two weeks before christmas, is this portrait of christ weeping? first reporting for duty, south carolina right on cue, the twitter campaign
the obamas pushed the button to light up the big blue spruce. some 17,000 people were on hand last night for the 90th annual tree lighting ceremony. >>> police in springfield, massachusetts are on the lookout for a jogger who runs in the buff. they say people on their way to work wednesday morning reported a man, probably in his 50s, running without any clothes on. no shoes either. police say they're concerned about why he's doing it and that he's reportedly done it before....
354
354
Dec 5, 2012
12/12
by
CNNW
tv
eye 354
favorite 0
quote 0
president obama, you know the deal, he wants to raise tax rates for the wealthy. house speaker john boehner wants to close tax loopholes, limit deductions for the wealthy. let's stay on the hill here, let's talk to senior congressional correspondent dana bash. we know the speaker -- we know speaker boehner met with conservative republicans today. did he get any backlash today from his plan? >> reporter: you know what, interestingly it doesn't seem like he did. we know that conservatives are not happy with the idea that their own house republican leadership proposed a plan that includes $800 billion in new revenue. we have seen -- reported on it extensively yesterday and the day before about the e-mail alerts that conservative groups have put out, republican senator jim demint was up-front about the fact he's not happy about it. however, when it comes to speaker boehner's own republican conference, as it is called, we're told they met for an hour and there wasn't backlash, that they were united behind him. it seems as though, brooke, that the speaker has, for now,
president obama, you know the deal, he wants to raise tax rates for the wealthy. house speaker john boehner wants to close tax loopholes, limit deductions for the wealthy. let's stay on the hill here, let's talk to senior congressional correspondent dana bash. we know the speaker -- we know speaker boehner met with conservative republicans today. did he get any backlash today from his plan? >> reporter: you know what, interestingly it doesn't seem like he did. we know that conservatives...
306
306
Dec 3, 2012
12/12
by
CNNW
tv
eye 306
favorite 0
quote 0
the obama administration drawing a line in the sand over tax hikes. the two sides seem further apart than ever with less than
the obama administration drawing a line in the sand over tax hikes. the two sides seem further apart than ever with less than
318
318
Nov 30, 2012
11/12
by
CNNW
tv
eye 318
favorite 0
quote 0
republicans are furious and president obama drawing a red line over middle class taxes. want to bring in steven moore with "the wall street journal." so, hello, sir. >> hi. >> let me show you, here is his new book on taxes and wealth in america. you wrote an opinion piece, steven, saying democrats only want one thing, higher taxes. you say democrats probably won't offer any serious spending cuts. why do you think that? there's no compromise in sight here? >> i just don't see it. you know, don, i was thinking a couple of weeks ago they would certainly reach an agreement, we wouldn't fall off the fiscal cliff, that people's taxes wouldn't go up in january. but now i'm not so certain about that. as you look at the negotiations so far and, look, my sources are on the republican side of the aisle, but what they're saying to me is this president doesn't want to deal from us, he want a surrender from us. so far what has been offered as jessica said has really been, you know, poison to the republicans. i'm not going to agree to a deal that raises taxes by $4 for every dollar of
republicans are furious and president obama drawing a red line over middle class taxes. want to bring in steven moore with "the wall street journal." so, hello, sir. >> hi. >> let me show you, here is his new book on taxes and wealth in america. you wrote an opinion piece, steven, saying democrats only want one thing, higher taxes. you say democrats probably won't offer any serious spending cuts. why do you think that? there's no compromise in sight here? >> i just...
352
352
Dec 3, 2012
12/12
by
CNNW
tv
eye 352
favorite 0
quote 0
today, president obama wants to let the bush era tax cuts expire for wealthy americans only, taking up their marginal federal tax rate from 36% to 39.6%. we're talking about a 3.6 percentage point uptick for households making more than $250,000 a year, only on every dollar they make above the $250,000 amount. starts 2 s at $251,000. it is on the money you make on the margin. now, while i totally agree every penny counts when it comes to your money, when you compare that to the taxes most americans paid out in past decades, when there was phenomenal economic growth, i don't get why republicans are screaming bloody murder about this 3.6%. what if we were all to chip in a little more. we need taxes, we need government programs, particularly the ones that use the scale and scope of government to get better deals and greater efficiency than the private enterprise can achieve. now, despite what you're being told, taxes as they stand are not an impediment to our long-term economic growth. not getting a grip on government spending will be an impediment. the solution can be found by looking for
today, president obama wants to let the bush era tax cuts expire for wealthy americans only, taking up their marginal federal tax rate from 36% to 39.6%. we're talking about a 3.6 percentage point uptick for households making more than $250,000 a year, only on every dollar they make above the $250,000 amount. starts 2 s at $251,000. it is on the money you make on the margin. now, while i totally agree every penny counts when it comes to your money, when you compare that to the taxes most...
506
506
Nov 29, 2012
11/12
by
CNNW
tv
eye 506
favorite 0
quote 0
. >> and barack obama is going to say to mitt romney, can you help me out with republicans on this tax issue? he has no sway with republicans. by the way, this idea of bringing mitt romney into the obama administration is -- honestly, it's laughable. the guy ran against everything that obama stands for. >> it worked on the west wing. >> with all due respect as well, president obama -- this isn't coming from some right winger. you can take that out of your ears. it comes from reporters across capitol hill. president obama doesn't like doing these things. he doesn't like the personal interaction. and he certainly isn't one known to set aside his grudge. so i don't see any place for mitt romney inside an obama administration. >> i still think it would be nice. wait a second. wait a second. i think it would be nice for symbolism sake, perhaps, if president obama and mitt romney came out after that luncheon and appeared before cameras, said a few things and walked away. wouldn't that be nice, roland? >> no, no. >> come on. yes, it would. >> no, it wouldn't. no, it wouldn't. first of all, wh
. >> and barack obama is going to say to mitt romney, can you help me out with republicans on this tax issue? he has no sway with republicans. by the way, this idea of bringing mitt romney into the obama administration is -- honestly, it's laughable. the guy ran against everything that obama stands for. >> it worked on the west wing. >> with all due respect as well, president obama -- this isn't coming from some right winger. you can take that out of your ears. it comes from...
260
260
Dec 7, 2012
12/12
by
CNNW
tv
eye 260
favorite 0
quote 0
president obama's argument has been that the economy is doing well enough that it could handle a tax hike. if the economy were in recession, as we saw last time, he would be reluctant to lift that top rate. if the economy is growing sharply, then if there's some damage from lifting the top rate, maybe the economy could afford it. gdp growth number is not as strong as the jobs report f we had a really weak jobs report, the president would have a really hard time, even getting moderate democrats, to increase the marginal rate. the fact that it's a strong report puts wind in his sails. >> kevin, you've touched on it a little bit. can you be more specific about what you think we're missing from today's report? >> well, i think that what's missing from the report, if we're looking at the health of the overall economy, is that businesses are really pessimistic right now. we've had five months in a row where the orders for capital goods have been going down and, in fact, going down sharply. very often business investment is the thing that turns down right before you have a recession. we hav
president obama's argument has been that the economy is doing well enough that it could handle a tax hike. if the economy were in recession, as we saw last time, he would be reluctant to lift that top rate. if the economy is growing sharply, then if there's some damage from lifting the top rate, maybe the economy could afford it. gdp growth number is not as strong as the jobs report f we had a really weak jobs report, the president would have a really hard time, even getting moderate democrats,...
506
506
Dec 4, 2012
12/12
by
CNNW
tv
eye 506
favorite 0
quote 1
they delivered a counter proposal to president obama's plan to avert the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired.
they delivered a counter proposal to president obama's plan to avert the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to...
162
162
Dec 6, 2012
12/12
by
CNNW
tv
eye 162
favorite 0
quote 0
president obama continues to insist any deal must include a tax break increase on the top 2% of wage earners, which republicans, we well know, just as firmly insist, that is a nonstarter in these cliff negotiations. another element to this fight now, which is important, is the debt ceiling. it's likely the country will come up against that marker again early next year, laying the groundwork for another potentially bitter, bruising, and damaging battle between congress and the white house. we know how well that went last summer when we filed a debt ceiling fight. the proposal offered by treasury secretary timothy geithner last week to republicans would change the rules as it relates to the debt ceiling, giving more power to the president and making it harder for congress to block a debt ceiling increase in the future. the president clearly wants to take the threat of this continued fight on the debt ceiling off the table. listen to the president yesterday. >> if congress, in any way, suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default
president obama continues to insist any deal must include a tax break increase on the top 2% of wage earners, which republicans, we well know, just as firmly insist, that is a nonstarter in these cliff negotiations. another element to this fight now, which is important, is the debt ceiling. it's likely the country will come up against that marker again early next year, laying the groundwork for another potentially bitter, bruising, and damaging battle between congress and the white house. we...
269
269
Dec 7, 2012
12/12
by
CNNW
tv
eye 269
favorite 0
quote 0
if you get a deal on the taxes that president obama seems like he would sign, what happens to the government on the second half of the cliff, the sequester and other extenders? you were at omb. can the government deal with that? can we be okay? >> there's a lot of ifs. republicans don't want to raise taxes on the middle class. they want to pass a bill to prevent increase on rates on the middle class. that would be a good thing. if we got past january 3rd and the sequester went into effect, there are a ways to move through money in accounts where you can buy a few weeks. that's an important thing to do. now don't get me wrong. there would still be a huge impa impact. i don't know what the markets would do. wall street is in a mind if we go past january 3rd, we will fall off the cliff. and secondly, there are people who rely on unemployment benefits and who also could be thrown off those roles because those aren't extended. people would feel that immediately. only a few dollars for a few weeks, but there would be some effects. but there's a way to mitigate this for the first few weeks. >> so s
if you get a deal on the taxes that president obama seems like he would sign, what happens to the government on the second half of the cliff, the sequester and other extenders? you were at omb. can the government deal with that? can we be okay? >> there's a lot of ifs. republicans don't want to raise taxes on the middle class. they want to pass a bill to prevent increase on rates on the middle class. that would be a good thing. if we got past january 3rd and the sequester went into...